But rules cannot substitute for character.
ALAN GREENSPANAn almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
More Alan Greenspan Quotes
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Excessive optimism sows the seeds of its own reversal.
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The need for values is inbred. Their content is not.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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No one has ever eliminated any of that stuff.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Gold still represents the ultimate form of payment in the world.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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I’m a plain soap kind of guy.
ALAN GREENSPAN